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The Conversation USA

Why stagflation is an economic nightmare – and could become a real headache for Biden and the Fed if it emerges in the US

  • Written by Veronika Dolar, Assistant Professor of Economics, SUNY Old Westbury
imageThe price of gas is soaring across the U.S.AP Photo/Ashley Landis

Inflation hit a fresh 40-year high in February as the Consumer Price Index surged to 7.9%, the U.S. Bureau of Labor Statistics reported on March 10, 2022. The continuing surge in inflation comes amid growing fears that the recovering U.S. economy might suffer significantly from the...

Read more: Why stagflation is an economic nightmare – and could become a real headache for Biden and the Fed...

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